1412 N Magnolia AvenueOcala, FL 34475MLS Number OM667892

One or more photo(s) has been virtually staged. One, two or three tenant opportunity. Option one is to lease the restaurant, currently the home of iconic Magnolia Bakery, who will be retiring. Full kitchen and dining/seating area. Option two includes the donut shop with all equipment ready to run again as a donut or coffee shop and option three is the large warehouse that has central AC and heat, 20 ft ceiling and 2000 SF of office space above the warehouse. This property is also for sale at the reduced price of $1,495,900 and can be turned into a multi-tenant facility or lease the entire space and sub lease what you don't need. Lease purchase option available as well. Lease rate is below market rent. This facility is located in the North Magnolia District of Ocala, a new growth and redevelopment are for the City of Ocala. Essex Mortgage moved corporate headquarters across the street with 300 employees, bringing great traffic to the area. The current owner, Magnolia Bakery has been at this location for 48 years and is a well known location and has a built in audience. Limitless potential. The lot next door is owned by the City of Ocala and could be available to the new owners for expansion. Warehouse: 5524 SF, Office space above Warehouse: 200SF, Donut Shop 1800 SF, Kitchen 1984 SF, Dining/Restaurant Area: 2009 SF. (Measurements approximate, rent rate is based on 13,424 square ft).